Former insurance agent slapped with 8-year ban for spending $117,160 of client's money, causing policies to lapse

Former insurance agent slapped with 8-year ban for spending $117,160 of client's money, causing policies to lapse

Mothership - News·2024-04-19 16:00

The Monetary Authority of Singapore (MAS) has served a former representative of Prudential eight-year prohibition orders (POs) for dishonest conduct.

Gng Hoon Hong was issued the POs following his conviction in the State Courts last December for criminal breach of trust, said MAS in a statement on Apr. 18.

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Singapore Finance Crime MAS Insurance